Katy Boardwalk Land Holding – Katy, TX

Investment Summary:

The Katy Boardwalk Land investment will occupy 35.1 acres of land in the recently announced
Katy Boardwalk District, with both Sites being directly adjacent to Katy’s newly designed Boardwalk
Park and Lake. The 24.1 acre Boardwalk East site is currently zoned for a single family residential use,
while the 11 acre Boardwalk West is zoned for commercial use. Both Sites will be positioned as land
investments to be sold at a later date.